iShares MSCI Germany ETF (NYSEARCA:EWG) Sets New 52-Week High – Time to Buy?

Shares of iShares MSCI Germany ETF (NYSEARCA:EWG) reached a new 52-week high on Thursday . The company traded as high as $44.50 and last traded at $44.5560, with a volume of 6196 shares. The stock had previously closed at $44.05.

iShares MSCI Germany ETF Stock Performance

The firm has a market cap of $1.79 billion, a price-to-earnings ratio of 17.79 and a beta of 1.03. The firm has a fifty day simple moving average of $42.88 and a 200-day simple moving average of $41.91.

Hedge Funds Weigh In On iShares MSCI Germany ETF

A number of large investors have recently made changes to their positions in the company. Allworth Financial LP grew its stake in shares of iShares MSCI Germany ETF by 88.9% in the fourth quarter. Allworth Financial LP now owns 646 shares of the exchange traded fund’s stock valued at $27,000 after acquiring an additional 304 shares in the last quarter. JPL Wealth Management LLC bought a new stake in shares of iShares MSCI Germany ETF during the 3rd quarter valued at $28,000. Geneos Wealth Management Inc. bought a new position in shares of iShares MSCI Germany ETF in the fourth quarter worth $31,000. Berbice Capital Management LLC lifted its position in iShares MSCI Germany ETF by 60.0% during the second quarter. Berbice Capital Management LLC now owns 800 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 300 shares during the period. Finally, Atlantic Union Bankshares Corp acquired a new position in shares of iShares MSCI Germany ETF in the 2nd quarter valued at approximately $37,000. Institutional investors own 53.42% of the company’s stock.

About iShares MSCI Germany ETF

iShares MSCI Germany ETF, formerly iShares MSCI Germany Index Fund (the Fund), is an exchange-traded fund. The Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the German market, as measured by the MSCI Germany Index (the Index). The Index seeks to measure the performance of the Germany equity market. It is a capitalization-weighted index that aims to capture 85% of the (publicly available) total market capitalization.